Mortgage and Financial News From 2007-8-24 Page 14

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  • Mortgage rates dip to three-month low (Lawrence Journal-World)

    Rates on 30-year mortgages sank this week to their lowest point since late May, providing a ray of sunlight for would-be home buyers. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.52 percent, down from 6.62 percent last week and was the lowest rate since the week ending May 31, when rates stood at 6.42 percent. In mid-June, rates on 30-year ...
    2007-08-24 05:07:57

  • Desperate homeowners are being targeted by unscrupulous mortgage ...

    My West Texas - In one type of scam, a "foreclosure rescue specialist" negotiates to purchase the home as a temporary measure to stop ... The first thing you should do is talk to your mortgage company about how to restructure your loan payment or refinance. Never ...
    2007-08-24 07:11:00

  • Viewpoint: U.S. and Asia unlinked? Hardly

    International Herald Tribune - How quickly contagion spread from the United States was encapsulated last week by Rams Home Loans Group. The Australian lender, which went public last month, failed to refinance short-term debt as buyers shun credit markets. Japanese banks also were ...
    2007-08-23 12:53:00

  • Congress is taking aim at mortgage practices

    Boston Globe - WASHINGTON -- Spurred by the crisis in the home mortgage industry, Congress is readying a slew of proposals aimed at ... and also is expected to approve $100 million in spending to fund nonprofit groups that help struggling homeowners refinance ...
    2007-08-24 05:59:00

  • 'What Am I Supposed to Do?'

    ABC News - Now she's two months in arrears and worried about losing her home. She said she keeps asking them to refinance her loan and make it market value, but has received "no phone calls." "What am I supposed to do?" Gear asked. Housing Market Fueled ...
    2007-08-24 12:37:00

  • Woman Dies After Home Firebombed (ClickOnDetroit)

    A 75-year-old woman is dead after her Detroit home was the target of a firebomb Monday night.
    2007-08-23 02:57:30

  • Nursing Home Fire Forces 94 Residents Out Into Heat (WLWT-TV Cincinnati)

    Firefighters had more than the heat to deal with at a nursing home fire in Silverton on Thursday.
    2007-08-23 06:02:46

  • Resident Fatally Shot During Polk County Home Invasion (WFTV 9 Orlando)

    WINTER HAVEN, Fla. -- Polk County deputies are looking for two men who broke into a home and then shot and killed a 19-year-old man.
    2007-08-23 05:22:19

  • Police Say Stolen Mail Found At Postal Worker's Home (KOAT Albuquerque)

    Authorities say they discovered stolen mail at the home of a postal worker in northeast Albuquerque.
    2007-08-23 05:19:23

  • Heroin, Guns, Cash Seized At East Bakersfield Home (KERO 23 Bakersfield)

    Two women were arrested Wednesday after drugs, guns and money were found in an East Bakersfield home, according to the Kern County Sheriff's department.
    2007-08-23 06:54:42

  • Body Of Man, 73, Found In Home (KSAT San Antonio)

    Homeowners discover the body of a man who was living in their home.
    2007-08-24 01:44:14

  • Why You Should Refinance Now If You Have an Adjustable Rate Mortgage (Richfield Reaper)

    (ARA) - If you took out a mortgage on your home between 2002 and 2005, chances are good you ended up going with an adjustable rate mortgage or ARM. Back then, it was just too good of a deal to pass up.
    2007-08-23 06:42:01

  • Hong Kong shares end morning lower on profit-taking, subprime concerns ...

    Forbes - ... first-half net profit of 7.47 bln hkd, up 5.3 pct from a year earlier, on robust growth in net interest and ... Yang Kaisheng said he is not worried by subprime mortgage troubles as the bank's holdings of mortgage-backed securities represent only a tiny ...
    2007-08-24 05:52:00

  • Short sales of homes on rise

    Boston Globe - ... take-home pay as a teacher, $3,100 a month, did not cover their $3,300 mortgage ... double last year's number -- often from borrowers with adjustable interest rates ... Durand said she could only dream of finding a two-bedroom condominium for ...
    2007-08-24 05:59:00

  • The Fed Behind The Curve

    Washington Post - This banker wants help from Washington, not only the Fed's interest rate cuts but also from Freddie Mac (supporting the secondary mortgage market) and Fannie Mae (lending to the primary mortgage market). Although the Federal Open Market Committee's ...
    2007-08-23 07:27:00

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